Marvell said it completed the public offering of 4.750% senior notes due 2030 and 5.450% senior notes due 2035, in the amount of $500,000,000 each, on June 30, 2025.

1. 01

   Marvell said it completed the public offering of 4.750% senior notes due 2030 and 5.450% senior notes due 2035, in the amount of $500,000,000 each, on June 30, 2025.

2. 02

   The company said net proceeds from the notes were about $992.3 million after the underwriters' discount but before other expenses. It said the proceeds, together with cash on hand if necessary, will be used to repay term loans due 2026, the revolving credit facility and senior notes due 2026.

3. 03

   Marvell said interest on both series of notes will accrue from June 30, 2025. Interest will be paid semi-annually in arrears on January 15 and July 15, with the first payment on January 15, 2026. The 2030 notes mature on July 15, 2030, and the 2035 notes mature on July 15, 2035.

4. 04

   Marvell said it entered into a Second Amended and Restated Revolving Credit Agreement on June 30, 2025. It allows borrowings of up to $1.5 billion in revolving loans and amends and restates the existing $1.0 revolving credit facility maturing April 2028. The company said no revolving loans were outstanding as of the effective date.

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